test, test, test, test, test, test, test

>> okay good morning, everyone welcome to the san francisco budget and finance meeting for june 18, 2013. i'm mark farrell i'm joined by other supervisors. i would like to thank the clerk of the committee as well as the members of sftv covering this meeting. mr. clerk any announcements >> yes, please silence all devises. all the items today will be on july agenda >> mr. clerk call fm one. >> ordinance appropriating one

million $500,000 for the fiscal years 2012 and 13. >> okay. let's hear from the school district on this item please. >> thank you chair. hopefully, this is a quick item for a long day. we want to thank the controllers office for by the time eliciting us know there was a somewhat additional contribution that the city and county made to its rainy day reserve for the 6 will million dollars. and based on that information

the mayor's office sponsored this legislation that would essentially allow is true up of the 12, 13 from the rainy day to the school district which had been include in the ordinance for 1213 and the process took place after that and the 25 percent of the 6 million is the 1.5 million and that's the subject of this appropriations >> we're going appreciative to the city and county and we're still emerging from did the times so since this news became available to us we have been relying on this and has allowed us to reduce the number of

layoffs for next year. we're hoping the committee seems fit to appropriate this money >> thank you. colleagues any questions. okay. we don't have a budget analyst report. so if anyone would like to public comment seeing none, public comment is closed. colleagues can i have a motion to move this forward. okay mr. clerk call tmz 2 and 3 together >> appropriating all estimate of procedures for the 71 of san francisco for fiscal year ending june 30th and june 30th, 2015. item number 3 the annual salary and annual budget for fiscal

years june 2014 and 15 >> okay first up today is the retirement system. thank you for come back. >> good morning i'd like to thank the committee for chairman farrell so i was able to taunted two committee meetings yesterday. i've prepared a brief presentation but in advance of that i would on behalf of the department would like to thank the mayor's office and in building our budgets for those two years. we appreciate their consideration of those priori prioritys. and i'm happy to say we've

reached an agreement on the budget for both years. the mission statement of the retirement system is that the system and the board it kaektd to securing and protecting the pension trust funds. as we did last year, we basically wanted to reiterate that through the pension reform efforts that came through the board of supervisors and as well voted by the san franciscan we have 14 separate benefit plans for the san francisco retirement system. as you note those include the two year plans that were the

result of proposition d that came to this body as well as prop c. we have active membership that includes the school district and the college deduct and the trial court of the 33 thousand active members. we have 25 thousand 1 hundred and 90 retired members and beneficiaries we currently serve. this chart shows the trends of membership and this year we turned a corner over the last 3 previous years there was a gradual reductions in membership that reflected the budget constraints. this year we show a modest increase in the number of active employees and at the same time,

we have been retiring a net and i hate to say net but we have the net gross of our retiree population has been 17 percent over this same 5 year period. we're paying retirement benefits to over 25 thousand active retirees and that benefit was under a billion dollars last year so we suspect it will be near a billion dollars >> this is - all of us are aware the financial market in 2008 and 89 but i'm pleased to

announce we measure it once a year but from that june 30th evaluation we are as a may 31st live we have during that period since july 1st, 2009, the market value of the trust has increased $1.5 billion. for the deferred comp the city's serves as the administrator we have 14 thousand active participants those are the folks who are contributing in may and i know there were some questions about how does that benchmark

and the non contributey is a 20 percent participation. we have an extraordinary

. that the retirement board established probably 5 years ago to build in an evaluation across portfolio. we have requested an assistant and this has been expanded to not only include the san francisco retirement system but the city's deferred comp program and we've requested a senior analyst to help in the ongoing recruitments. we have a project in the works for a summer program. we have 5 thousand dollars in our budget and we rarely spend it so we will try to continue to - those efforts to make sure we

can control overtime. language assess. we provided all members the opportunity assess for interpreter services for cantonese and others. one of the priorities of the retirement board is to increase our outreach to early and mid education for folks who find themselves at the beginning and end of their career. we have a great turnout for our retirement centers but folks want to know about the deferred comp program so we're going to continue to inform folks at the

time when it would be were you able during finance decisions. i've included my prepared remarks. >> colleagues any questions for mr. hewitt and a thank you let's going to the analyst report please. mr. chairman and members of the committee on page 4 our recommended reductions total 2 hundred 32 thousands of that amount 68 thousand is ongoing savings. the reductions will still have 8.8 percent. our recommended reductions total 597460. of that amount we have the ongoing reductions and that

would allow an increase in the departments fourteen and 15 department and the board concurs >> any questions. could i have is a motion to accept those amendments. so move forward. as with everything all the amendments will be subject to public comment tomorrow. thank you, mr. hewitt for being here. we have our tax collector >> good morning commissioners. happy to be here i have a brief presentation to share with you. regarding the work of our office. i believe we are in close discussions with the budget analyst offices and close to a

resolution. hopefully, we'll have good news next time we see you. with regards to the work of our office we - our mission and responsibility is to facilitate.

regarding the payroll tax and parking tax we had to - we had a significant increase in our refund requests from our downward several times. >> of our property tax and we launched a measure through the city a new program. we're excited we were able to consolidated a lot of our customer serve with the 3 lifting program in our city. this helps us to respond to callers and our office of

financial empowerment was the full scale implementation of our new kindergarten to college program. our collection of delinquent revenues will be the highest this year of $100 million if not more and we're excited to be making improvements to our cashiers program to allow taxpayers to do more for tax filings on line. when we looking the business over years we've seen the overwhelming amount of our growth is the business tax change to the city that involves funding for implementing that project. we've also seen some increased

grants and as well as some revenue enhancements on our revenue collections. we're continuing to streamline and .

that will literally effect all the businesses in san francisco so it's a last year amount of work impacting n them in a number of ways not only in the way they calculate their taxes. we estimate conservatively a 10 percent increase in tax for help and information and in order to do that as i said we acknowledge the support of this group in terms of helping us kickoff that effort in the approve you gave in february. hiring for this effort is flaw and public outreach is underway and it will continue to ramp up.

i also wanted to talk about overtime. overtime represents a relatively small component of our budget, however, weather seen this or some increases of late and some issues we've had around getting regular hires in place on the timely based with possession testing and other things like that we're taking measures to improve that to get our overtime costs back in line. and lal as i've mentioned before we first and foremonth in our tax collects we strive to always be able to talk to people in the appropriate language they prefer to do in and we're taking that to heart in the gro